New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-10

The bank exchanges at the York Clearing House
unusually large for the first week OF the year being
greater than ior inc week % isoo a"a
should be noted that the transactions in stock &C the
stock Exchange In the week OF 1888 were practically the
~ those OF last week.
The bank rchan4cs at tho Work Gearing House
and the stock sold at the NewYork stock Exchange for
the weeks of three years compare rs follows
.a j. ssi
The money market ruled easy d6 per cent for call
loans all the week There we're early exceptions as high
per cent and toward the close Of the week 3ei per
cent not unusual quotation. Time loans were
freely offered at Dig per cent and few loans were ne
low as per cent Good commercial paper passes at
5i2d6 per cent The demand from the Interior Tor funds
almost entirely, ceased with the end OF The
was insigmlacant last week, the outgo
was oven smaller The Treasury disbursements IN the
they recently have bren but We fall 10 see any reason
why they .hond not continue IN amounts about equal to
tho receipts In ordinary seasons tho Ncwfork banks
cash reserves generally continue TIC gain until about
March i so there appears to be no good reason son
money market for at least the next three months lisnot
to be supposed that the rates for money VIII decline to
the figures OF year ago The business OF me country
now too active to permit such low rates when nave al
In new enterprises The foreign EXCHANGES were quiet
all the week but were firm ON the basis of - 81 and
Last week opened the New Year with bright promises
for all the industries of the country AS usual the rst
up and settlement OF matters appertainng to The OLD
year than to the pushing Of business and new enter
prscs lie prospects OF large exports OF our pioucs
were strengthened and IL B believed by many persons
engaged In the grain trade that large part
Of our visible supply of wheat Is already
owned by foreigners, and Is only waiting FOR tonnage W
take IL away. The exports OF cotton continue unusually
large last week they amounted 10 sol bales against
l662Os bales for the corresponding week OF leso IS
makes inc total export since september l. ,bo
preceding Iron Is In such demand that IL scarcer
ihan money The Engineering gnd M,lng Josr M,
says: The Thomas Iron Companys loOooo TONS OF Dai
last dts uns0ld capacity for 1887 may be seadylng e
trade, though 1t cannot hold prices down Dir. swanx'
of the American and steel Association est
mates the contrys production OF iron and steel Tor the
years 1855 and 1886 rs follows:
1855. 1885. Increase
By sS5 S ss. nso. tons. i iSisSS SSSS
bs.sener steel a'Is tons ysSaH iSSS0V9 saS1S
Openhearth seoL tons...... 1880 -oo'ooV oo'oS'
In mercantile circlos merchants are preparing ior
large and prosperous such preparations peis
Justified by te reports which they receive from thc m
terior and by the smalness OF stocks held 'o
manu- acturers or producers and the consu inois. -
Al the Stock Exchange there was an Irregular anu w
settled speculation. In Government bonds inc - anu
4i2s made sharp declines early IN the week. pu itcI
partially recovered IL would soen ~ II some OF tnese
bonds had been placed upon the market Dy Nauona
banks To realize the high premiums For soveraI %
we have noted the withdrawal VI per cons from tnc
Treasury and last week there we're Withdrawals OF pol
aud Ala per cents. The general bond market Win sonio
Irregularities, has ruled nrn The New, iork Sns.S
and It, Louis rsts suffered decline OF ~ per cent roI
special reasons not necessary 10 refer to again Inc
selling OF them, however. seemed TO be largely speoua
tive and the price recovered over per cent 80. 4.
For good bonds there steady but moderate DE-
mand and the general tendency OF prices was towar ~
advance. Lake Erie and western incomes anu , o
southern incomes exceptional for making iafs'
with larger volume of business lone day more In ths
weeks the share speculation Of AsE week VIZ Sssk
The market naturally was dull and smon m dsnsss
Zach sds' decline was speedily rsSoSsssd' ,,c o.
( much smaller volume OF business 'nAn